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Stocks got off to a good start Thursday and held onto their gains, carving out a modest increase for the second day in a row. Amid a relatively slow week of trading, thin on major economic news and leading into the Memorial Day weekend, investors drew encouragement from a mixed bag of economic and housing data. Improving earnings from Dollar Tree, Best Buy and other retailers also helped lift the market. Major indexes were already pointing to a slight uptick ahead of the start of regular trading after a survey from HSBC suggested the slowdown in China's economy is flattening. May's reading on China's manufacturing sector was the best in five months. After the market...

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Stocks got off to a good start Thursday and held onto their gains, carving out a modest increase for the second day in a row. Amid a relatively slow week of trading, thin on major economic news and leading into the Memorial Day weekend, investors drew...

July’s employment report showing net growth of 209,000 jobs was below expectations and a sharp tail-off from the previous month, but still represents a solid gain that shows the recovery from the Great Recession is advancing, economists said.
“It’s...

French banking giant BNP Paribas is expected to plead guilty to criminal charges and pay a record $8.9 billion in fines to settle accusations it funneled billions of dollars from blacklisted countries through its U.S. operations, said two officials...

With a record $9-billion fine against BNP Paribas, one of the world's largest banks, the Justice Department aimed Monday to send a clear message to bank shareholders everywhere.
"The $9 billion that's walking out the door today is your...

For the past few months, freelance investigative journalist Ji Xuguang has been researching a story on the Chinese government’s program of demolishing people’s homes to make way for development projects. He planned to pitch it to one of his regular...

A man dubbed the "Hypnotist Bandit" by local law enforcement has robbed three banks in the San Gabriel Valley in the past week, according to the FBI.
The suspect, who earned his nickname because of the way he stared at his victims during each...

Plácido Domingo, a longtime soccer fan, will perform a concert in Rio de Janeiro ahead of the World Cup finals. The Spanish tenor is scheduled to perform on July 11 in a concert that will also include pianist Lang Lang and soprano Ana Maria...

The labor market extended its best streak since the late 1990s, posting solid job growth last month that lured more people back into the workforce.
The 209,000 net new jobs were below analyst expectations and a sharp falloff from June's robust 298,000...

Phil Mickelson put himself in contention at the Abu Dhabi HSBC Golf Championship in the United Arab Emirates on Saturday, shooting a nine-under-par 63 to move into second place, two shots behind leader Craig Lee of Scotland.
Mickelson, who had nine...

A global survey conducted by HSBC Holdings found that one in eight workers expect to never be able to retire fully.
The report, released Wednesday, surveyed 16,000 people in 15 countries and found disparities among workers' expectations in the U.S.,...

WASHINGTON -- A bank robbery suspect from South Florida was arrested by FBI agents after a string of approximately 20 heists along the Eastern Seaboard, authorities announced Tuesday.
Officials said Luis A. Alomar, 37, was arrested about 2:30 a.m....

ABU DHABI, United Arab Emirates — Phil Mickelson didn't have much success with his new driver in the first round of the Abu Dhabi HSBC Golf Championship, failing to make a single birdie in a 1-over 73 to sit six shots behind the leaders. Mickelson made 17...

If you're questioning why Rory McIlroy was penalized two shots for taking improper relief during the third round of the Abu Dhabi HSBC Golf Championship on Saturday, you're not alone.
McIlroy, who dropped from second place to a tie for fourth entering...

Pablo Larrazabal understood his accomplishment in edging Phil Mickelson and Rory McIlroy to win the Abu Dhabi HSBC Golf Championship on Sunday.
“I was sitting at the presentation ceremony, I said to myself: 'Pablo? What are you doing here?' I've got Rory...

LA JOLLA — Time passes, Phil Mickelson heals and we forget.
Mickelson wins a British Open and we have him again in our mind's eye as a 35-year-old, healthy and hearty, with lots of gas left in his golf tank.
Actually, he will be 44 in June, which puts...

WASHINGTON -- The Federal Reserve said Wednesday it rejected plans by Citigroup Inc. and four other large U.S. banks for dividend payments and stock buybacks after annual stress tests.
Those tests raised questions about weaknesses in the risk-planning...

WASHINGTON — Federal regulators rejected plans by Citigroup Inc. and four other large U.S. banks for dividend payments and stock buybacks after the latest round of stress tests.
The results raised concerns about weaknesses in the risk-planning...

Michael Whan remembers the first question he was asked by the media after taking over as LPGA commissioner in January 2010: What was he going to do about the overwhelming international influence on the tour?
"I want to pour more gas on the...

Ben Bernanke’s words on Wednesday carried a great deal of weight in the commodity markets – so much so that they squashed the prices of gold and silver.The Federal Reserve chairman told Congress that the U.S. economy was likely headed for modest growth...